Wheat setting up all too perfectly.
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Looks like a perfect 5 wave Elliot followed by 50% ABC correction.
I'm starting to look for these more, and I feel like I'll be able to trade them soon. For the moment, the only trades I'm getting into are when the market tells me which way it's going and I get in along with it. That means linebreaks, so I'm waiting for the down-trendline to break to the upside.
I'm starting to look for these more, and I feel like I'll be able to trade them soon. For the moment, the only trades I'm getting into are when the market tells me which way it's going and I get in along with it. That means linebreaks, so I'm waiting for the down-trendline to break to the upside.
Note
**This is only paper trading***This time it was not too good to be true. I missed the first break, but I caught the retest and I'm currently in it now for +500, and my stop above BE causing me to not sweat the details.
I am only just getting involved in the ag's as a sector, but they seem to trend pretty nicely. Likely I will hang around.
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